Karen Behringer Blog

The Las Vegas Valley is known as a suburban-style housing market, dominated by single-family homes and two-story, garden style condominiums. There is a fascinating exception to that characterization which is the handful of high-rises that began changing the skyline in the early part of this century. A majority of these are near the resort corridor, but, the South Strip and Summerlin also have examples of vertical projects.The challenge in generalizing the high-rise market is the uniqueness of each project. They va... read more

Curious about Downtown Las Vegas, but do not know where to start?Over the past 15 years, Downtown Las Vegas has emerged from the shadows of the Strip and is getting another upgrade in March 2019 with the development of Treehouse Las Vegas, a multi-level entertainment complex. Coldwell Banker Premier Realty’s Strategic Services team, Brian Krueger and Lance Hamrick, represented the owner and tenant in this landmark transaction. Brian had this to say about the project.
“This exciting new venue will bene... read more

This month we examine some of the highest prices of luxury home sales in the Las Vegas Valley. 2018 is already shaping up to be more interesting than 2017. We have already had one sale that exceeded $10 million. This home was nearly 13,000 square feet and traded for just over $1,000 per square foot. The home is located near the TPC golf course in Summerlin.
Spanish Hills Estates also contained an impressive sale of a recently constructed 9,300 square foot home which sold for nearly $700 per square foot.
Year-to-d... read more

Exploring the variation in home prices

Today’s real estate headlines are full of questions and declarations about Las Vegas’ tremendous home price growth over the past year. The widely followed S&P/Case-Shiller index is up 12.4% year-over-year (measured in March due to reporting lag) while the median single family home has risen by eighteen percent (measured in May).
This price velocity is fascinating, however, the real estate market is a market of many markets since housing is heterogeneous and spatial in context. Not all housing typ... read more

Today’s real estate headlines are full of questions and declarations about Las Vegas’ tremendous home price growth over the past year. The widely followed S&P/Case-Shiller index is up 12.4% year-over-year (measured in March due to reporting lag) while the median single family home has risen by eighteen percent (measured in May).
This price velocity is fascinating, however, the real estate market is a market of many markets since housing is heterogeneous and spatial in context. Not all housing typ... read more

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